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Gaston Gelos

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Gaston Gelos
Born (1969-01-08) January 8, 1969 (age 55)
NationalityGerman, Uruguayan
Academic career
FieldInternational finance, Macroeconomics
InstitutionBank for International Settlements
International Monetary Fund
Alma materUniversity of Bonn
Yale University
Information at IDEAS / RePEc

Gaston Gelos (born Rafael Gaston Gelos) is a German-Uruguayan economist. He joined the International Monetary Fund (IMF) in 1998 and has served as the Assistant Director of the Western Hemisphere Department since October 2022, where he was the Mission chief for Mexico. He previously served as Chief of the Monetary and Macroprudential Policies Division at the IMF.[1][2] His research includes work on capital flows, financial stability, and monetary policy, and he has been published widely in leading academic journals.[3] In April 2023, he was appointed as the Deputy Head of the Monetary and Economic Department and Head of Financial Stability at the Bank for International Settlements (BIS) effective September 1, 2023.[4][5][6][7]

Early life and education

Gelos was born in Montevideo, Uruguay, on January 8, 1969 and is the elder of two sons of Sigrid Buschmann [gl] and Rafael Gelos. He attended the Deutsche Schule Montevideo in Uruguay and the Goethe-Gymnasium Germersheim [de] in Germersheim, Germany and received his Diplom in economics from the University of Bonn in 1991 and 1994, respectively. He completed graduate coursework at the University of California at Berkeley between 1991 and 1992. In 1998, he earned his PhD in economics from Yale University, focusing on international economics and macroeconomics.[1]

Career

Gelos joined the IMF in 1998 and spent his initial years there in the Research Department before working on various countries in the Western Hemisphere Department. He was the resident representative for the IMF in Montevideo, Uruguay (2005-2007) and Buenos Aires, Argentina (2007-2010), and Mission Chief for Nicaragua.[8][1] In 2013 he became the head of the Global Financial Stability Analysis Division, where he led the work on the analytical chapters of the Global Financial Stability Report.[9][10][11] In 2017, Gelos lead the Financial Sector Assessment Program (FSAP) for Japan.[12] Between 2017 and 2022, he headed the Monetary and Macroprudential Policies Division, leading research and policy work on monetary- and macroprudential policies and overseeing global technical assistance efforts in these areas.

Research

Gelos' research covers topics including capital flows, banking, financial stability, and monetary policy and has been cited in The Economist, Financial Times, Reuters, economic blogs, and global newspapers.[13][14][15][1][16][17][18] His most cited work discusses the role of transparency in shaping international investor behavior.[19] Gelos is a Center for Economic and Policy Research (CEPR) research fellow.[1][3]

References

  1. ^ a b c d e "Gaston Gelos". IMF. April 20, 2023. Retrieved July 2, 2023.
  2. ^ Hulverscheidt, Claus (March 3, 2021). "Wer von Negativzinsen profitiert". Süddeutsche Zeitung (in German). Retrieved July 2, 2023.
  3. ^ a b "Gaston Gelos". Centre for Economic Policy Research. Retrieved July 2, 2023.
  4. ^ "BIS appoints Gaston Gelos as Deputy Head of the Monetary and Economic Department". BIS. April 21, 2023. Retrieved July 2, 2023.
  5. ^ "People: BIS appoints deputy head of MED". Central Banking. April 24, 2023. Retrieved July 2, 2023.
  6. ^ "Uruguayo es nombrado en muy importante cargo en el Banco Internacional de Pagos". El País (in Spanish). April 21, 2023. Retrieved July 2, 2023.
  7. ^ Pirkl, Martin (April 21, 2023). "Gelos wird Leiter der Finanzstabilitätspolitik". Börsen-Zeitung (in German). Retrieved July 2, 2023.
  8. ^ Azar Gómez, Jorge (June 15, 2018). "Mujica y el FMI". El País (in Spanish). Retrieved July 2, 2023.
  9. ^ Zschäpitz, Holger (September 30, 2016). "Die gefährliche Macht der Schattenbanken". Welt (in German). Retrieved July 2, 2023.
  10. ^ Eavis, Peter (May 5, 2015). "Bankers and Regulators Voice Fears on Bond Market Volatility". The New York Times. Retrieved July 10, 2023.
  11. ^ Kunz, Anne (April 8, 2015). "Euro-Banken ziehen sich auf ihre Heimatmärkte zurück". Welt (in German). Retrieved July 14, 2023.
  12. ^ Gelos, Gaston; Muñoz, Sònia (August 10, 2017). "Aging Japan Puts a Strain on the Financial System". IMF Blog. Retrieved July 2, 2023.
  13. ^ "Shipbuilding". The Economist. ISSN 0013-0613. Retrieved 2023-07-31.
  14. ^ Fariza, Ignacio (2021-03-03). "Los técnicos del FMI salen en defensa de los tipos de interés negativos ocho años después: "Han funcionado"". El País (in Spanish). Retrieved 2023-07-31.
  15. ^ Johnson, Steve (2015-02-01). "Liquidity fears loom over fund industry". Financial Times. Retrieved 2023-07-31.
  16. ^ "Gaston Gelos". scholar.google.com. Retrieved July 2, 2023.
  17. ^ Harding, Robin; Atkins, Ralph (March 31, 2014). "Problem of banks seen as 'too big to fail' still unsolved, IMF warns". Financial Times. Retrieved July 14, 2023.
  18. ^ "Economists now accept exchange-rate intervention can work". The Economist. ISSN 0013-0613. Retrieved 2023-07-31.
  19. ^ Menon, Anjana (August 26, 2019). "India's Visibility Issues". The Economic Times. Retrieved July 2, 2023.